Why do gas prices rise faster than they fall?

These can include limited inventory of gasoline, especially in California, where strict environmental standards add to refining costs. Station operators don’t deny that pump prices often rise faster than they fall.

Why do gas prices rise in the spring?

The rising prices are the result of less supply because production is reduced due to refinery maintenance, and because fuel demand is increasing, according to Jeffrey Spring, the Automobile Club of Southern California’s corporate communications manager.

What months are gas prices highest?

This date is the most important reason that seasonal gas prices tend to peak in May. In most areas of the country that require summer-blend fuels, retailers have until June 1 to switch to summer-grade gas.

Which country has the cheapest gas?

Here are the top ten countries with the cheapest gas prices, according to a Bloomberg report:

Venezuela.
Iran.
Kuwait.
Nigeria.
Egypt.
Malaysia.
Saudi Arabia.
The United Arab Emirates.

Why is gas so high in Colorado?

Crude oil prices are at the highest level in more than three years and expected to climb higher, pushing up gasoline prices along the way. Denver gas prices are now averaging $3.33 per gallon. That’s six cents higher than last Monday and 89 cents per gallon higher than a year ago, according to GasBuddy.

Is there a gas shortage in Colorado?

“There isn’t a gas shortage at all. AAA Colorado expects the shortage to continue until at least early fall as the busy summer travel season continues. “You can shut down the travel industry overnight, as we learned during the pandemic, but it takes a little bit longer to build back up,” McKinley said.

What is the gas tax in Colorado?

Sales tax is not reflected in the rates below.

State	Gasoline tax (¢/gal) (excludes federal tax of 18.4¢/gal)	Diesel tax (¢/gal) (excludes federal tax of 24.4¢/gal)
Colorado	22.00	20.50
Connecticut	42.11	46.50
Delaware	23.00	22.00
District of Columbia	23.50	23.50